Two types of personal financial statements are the personal cash flow statement and the personal balance sheet. The personal cash flow statement measures your cash inflows or money you earn and In case you aren’t an accountant, the balance sheet of a company shows its financial position at a specific point in time. This is where the company lists their fixed assets (cash, equipment Since cash and cash equivalents may be regarded as asset holdings for operations and thus not included in financial assets in some literature (Huang et al., 2021), we also measure corporate financial asset holdings excluding cash and cash equivalents in robustness tests, which is roughly equivalent to the definition of risky financial assets in Identifying the cash-generating unit to which an asset belongs. Identifying the cash-generating unit to which an asset belongs. Recoverable amount and carrying amount of a cash-generating unit. Recoverable amount and carrying amount of a cash-generating unit. Impairment loss for a cash‑generating unit. Impairment loss for a cash‑generating unit In September 2021, the IFRS IC published a tentative agenda decision in response to a submission relating to the recognition of cash received via an electronic transfer as settlement for a financial asset applying IFRS 9, ‘Financial Instruments’. The IFRS IC received 27 comment letters on its tentative agenda decision. The Committee received a sub­mis­sion about the recog­ni­tion of cash received via Bacs, a formal automated set­tle­ment process that takes a three work­ing-day cycle to settle a cash transfer, as set­tle­ment for a financial asset. In the fact pattern described, an entity sells goods to a customer and recog­nises a trade re­ceiv riMtUWd. Financial Asset. Assets are commonly known as anything with a value that represent economic resources or ownership that can be converted into something of value such as cash. Financial assets are intangible liquid assets such as bank deposits, bonds and stocks the cost of which is derived from a contractual claim of what they represent. 1. High-yield savings accounts 2. CDs 3. Bonds 4. Funds 5. Stocks 6. Alternative investments and cryptocurrencies 7. Real estate A company assesses whether a digital asset meets the definitions of cash or cash equivalents, financial instruments, inventory or intangible assets. Based on these definitions, digital assets are often considered indefinite-lived intangible assets under both IFRS Standards and US GAAP, but exceptions do exist. Real assets are physical assets that have value due to their substance and properties. Real assets include precious metals , commodities, real estate , agricultural land, machinery and oil. They What Are Liquid Assets? By definition, a liquid asset is a financial asset that the owner can convert into cash, ideally without the asset losing any value. Good examples of liquid assets include

is cash a financial asset